Marsh survey shows 57% of insurers plan to raise private credit exposure
MMC•Survey shows insurers plan to increase private credit exposure
Marsh survey shows 57% of insurers plan to raise private credit exposure
- MMC’s 2026 Global Insurance Investments Survey shows 57% of insurers plan to raise private credit exposure over 12-24 months.
- Private credit ranks ahead of public investment-grade fixed income, cited by 48% as a planned growth area.
- Allocation plans skew to investment-grade private credit; 40% target direct lending and private placements, 38% structured credit and asset-based finance.
- North America leads: 65% of US insurers plan increases, 74% in Canada; Europe 51%, UK 46%.
- Key risks cited: shrinking illiquidity premium or tighter spreads 66%, weaker covenants 54%, rising defaults or PIK structures 51%.
